BRAEMAR HOTELS & RESORTS INC

Ticker: BHR CUSIP: 10482B101 Class: Common Stock

Aperio Group, LLC's Holding History (CIK: 0001364615)

Note: Option positions (PUT/CALL) are excluded.

Q2 2019

Shares 15,247 Value ($000) $151 Avg Close — Range —

Q1 2019

Shares 15,913 Value ($000) $194 Avg Close — Range —

Q4 2018

Shares 12,338 Value ($000) $110 Avg Close — Range —

Q3 2018

Shares 10,674 Value ($000) $126 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	15,247	$151	—	—
Q1 2019	15,913	$194	—	—
Q4 2018	12,338	$110	—	—
Q3 2018	10,674	$126	—	—